First Social Networking Site Launches for Export-and-Import

Export and ImportFremont, CA – Export-and-Import.com launched a beta version of an exporters and importers social network, a new service connecting and helping companies worldwide in their efforts to conduct, facilitate and promote export-import business.

Jasbir Sandhu, founder of Export-and-Import.com, announced the release of a beta version of the website. The site provides a business social platform for companies, individuals and trade organizations to build business network, create business leads and manage business relations. Members can promote their products and services, while generating more traffic to their websites.

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Importing from China: Getting Started

Expo China
Do you want to import from China? Since most big retailers are now sourcing from China, smaller wholesalers and retailers typically wonder whether they should do the same, but are often put off by the complexities of getting started. Like all businesses processes, the process of importing from China has a lot of steps, each of which has its own complexities. For folks new to importing, these steps can seem overwhelming. But there are real business benefits to learning how to import – building import knowledge and expertise gives you access to a broader range of products at a broader range of prices than your competitors, giving you more product options to compete with.There are several key areas a new buyer needs to learn to import from China. These include identifying suppliers, selecting suppliers, paying suppliers, managing quality control and the logistics getting goods shipped from overseas to your warehouse. While complicated, once you learn how to put the steps together and what to watch out for, importing itself is not that difficult a process.

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Case Study: European Union (EU)

EU Economy
The process of framing EU policies focus on its capacity to respond to global challenges. The single market benefits from high-quality and transparent rules that make it possible to benefit from economies of scale. Competition in single market encourages businesses to provide high-quality products. EU does not rely on single mechanism to tackle trade barriers. EU’s multilateral cooperation is strengthened by bilateral Free Trade Agreements with ASEAN, Korea, India, the Andean and Central American countries.

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US Economy: The Obama Factor

Barack ObamaThe overall U.S. trade deficit shrank by 5.68 percent in March 2008, falling to $58.21 billion from the adjusted February 2008 level of $61.71 billion. Exports fell by 1.71 percent, to $148.51 billion, for the first time since January 2007. Imports dropped by 2.86 percent, to $206.72 billion. The fall-offs were especially sharp in goods trade – where exports sank by 2.37 percent, to $104.73 billion, and imports declined by 3.36 percent, to $173.34 billion.

The prediction markets forecast a Obama presidency in 2009. The most important and most immediate impact of a potential Obama win would be in the area of foreign policy. The Bush doctrine increased the price of a barrel of crude oil. The troubled U.S. relationship with oil-producing nations Venezuela, Russia and Iran in particular added atleast $20-$30 premium in the per barrel oil price. Lower oil prices and the consequent moderate increase in energy demand domestically, could help reverse another long-term trend: the weaker dollar. U.S. energy imports are running 30-40% of total imports. If the U.S. imports less oil or pays less for the oil that it does import, the trade deficit will improve, increasing the demand for dollars.

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Outlook Japan: Role of JETRO in Japan and Overseas

JETRO - JapanJapan remains an export powerhouse, yet domestic consumption has increased in importance. This is a result of a strengthening economy, a more buoyant stock market, improving dividends, confidence from increased corporate profitability and other related trends. Compared to the past, the Japanese economy also is much more closely linked with Asia (both in terms of exports and imports) and Japanese firms now routinely consider India and Southeast Asian countries when evaluating investment destinations. Japan has become a key driver of growth in Asia as a market, investor, and source of knowledge.

The desire to revitalize Japan’s service sector is creating opportunities for U.S. and other foreign businesses and investors. Foreign businesses may be able to supply services that improve the productivity and efficiency of Japanese service providers. Businesses may also locate attractive opportunities as the Japanese government moves to deregulate, privatize, and liberalize in an effort to enhance the level of competition in Japan’s service sector as well as to bring in new ideas and methods.

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